Dow Jones Today: Stock Futures Rise to Kick Off Heavy Week of Earnings Reports

Stocks rose Monday to kick off a heavy week of corporate earnings reports, as investors keep close tabs on developments related to trade.

The S&P 500 (SPX) and tech-heavy Nasdaq Composite (IXIC) were recently up 0.6% and 0.7%, respectively, after hitting fresh all-time highs this morning, while the Dow Jones Industrial Average (DJI) added 0.5%. Stocks were coming off a winning week—the Nasdaq closed at a record high each of the last five sessions—amid optimism about generally strong quarterly results from major companies and data that highlight the continued strength of the economy despite uncertainty about tariffs.

Market participants are awaiting news on trade deals ahead of an August 1 deadline for the U.S. to impose hefty tariffs on leading trade partners. Commerce Secretary Howard Lutnick, in an interview Sunday on CBS News, expressed confidence that the White House will get deals done, including one with the European Union. President Donald Trump in recent weeks sent letters to more than 20 countries informing them of the tariffs that will be imposed, with rates ranging from 20% to 50%.

On the earnings front, shares of Verizon (VZ) jumped 5% Monday to pace S&P 500 and Dow gainers, after the telecommunications giant posted strong results and lifted its outlook. Stellantis (STLA) shares climbed 1.5% even as the automaker reported a loss for the second quarter, as tariffs cut into profits. Domino’s (DPZ) was down 2%, after rising as much as 6% earlier in the session as the pizza chain reported better-than-expected same-store sales growth.

Mega-cap technology stocks, which have powered the recent rally, were mostly higher. Alphabet (GOOG) and Broadcom (AVGO) both rose 2%, while Apple (AAPL), Amazon (AMZN) and Meta Platforms (META) each tacked on about 1%, and Microsoft (MSFT) edged higher. Nvidia (NVDA) was down slightly, as was Tesla (TSLA), which is due to release its quarterly results on Wednesday.

Shares of Block (XYZ) surged 8% following news announced late Friday that the digital payments provider will be replacing Hess (HES) in the S&P 500 starting Wednesday.

Newmont Mining (NEM) shares rose more than 4%, making the stock among the top S&P 500 advancers, as the price of gold hit its highest level in a month. Gold futures were up 1.5% at $3,410 an ounce in recent trading.

Bitcoin was at $117,800, up from an overnight low of $116,500 but down from an earlier high of $119,700. The digital currency late last week surged above $120,000, not far from its all-time high of around $123,000, as Congress approved landmark legislation that aims to bring cryptocurrencies more into the financial mainstream.

The yield on the 10-year Treasury note, which affects borrowing costs on all sorts of loans, notably mortgages, was at 4.36% recently, down from 4.43% at Friday’s close. The U.S. dollar index, which measures the performance of the dollar against a basket of foreign currencies, was down 0.7% at 97.80.

West Texas Intermediate futures, the U.S. crude oil benchmark, slipped 0.6% to $66.95 per barrel.

Sarepta Falls as Company Rejects FDA Call to Withdraw Drug

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Sarepta Therapeutics (SRPT) shares continued to slide Monday after the biopharmaceutical firm refused a Food and Drug Administration (FDA) request to stop distributing its Elevidys treatment for muscular dystrophy.

The FDA called for the halt after a third patient suffering from a form of muscular dystrophy taking a similar gene therapy to Elevidys in a Phase 1 study died of liver failure, possibly related to the drug. The news of the patient death sent shares of Sarepta plunging Friday.

Elevidys has already been approved to treat both ambulatory and non-ambulatory patients with Duchenne muscular dystrophy. Sarepta voluntarily stopped shipments for non-ambulatory patients last month following a second death during the study to gauge the efficacy of the drug for Limb-Girdle muscular dystrophy. The company noted the third patient who died suffered from non-ambulant Limb-Girdle muscular dystrophy.

However, Sarepta said that because its comprehensive scientific interpretation of the data “shows no new or changed safety signals in the ambulant patient population, we will continue to ship ELEVIDYS to the ambulant population.”

Sarepta said it’s looking to “continued discussions and sharing of information with FDA in order to advance our shared purpose of protecting patient safety and informed access to care.”

Shares of Sarepta were down about 4% in recent trading. They’ve lost nearly 90% of their value since the start of the year.

–Bill McColl

Tariffs Take a Bite Out of Stellantis Earnings

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Stellantis (STLA) swung to a net loss in the first half of the year, as the Big Three automaker was hit by tariffs as well as restructuring costs and a sales slump.

In preliminary results released Monday, the owner of brands including Jeep and Chrysler reported a 2.3 billion euro ($2.7 billion) net loss for the first half, compared to a net profit of 5.6 billion euros in the same period last year. First-half revenue of 74.3 billion euros was down from 85 billion euros a year earlier.

Stellantis said it booked 300 million euros ($349 million) in net costs from “the early effects of US tariffs,” which included the loss of planned production. The carmaker said in April it would suspend its full-year outlook, pointing to “tariff-related uncertainties.”

During the second quarter, Stellantis said North American shipments fell 25% year-over-year to around 109,000 units, while total sales dropped 10% year-over-year. U.S. retail sales were “relatively flat” however, with Jeep and Ram sales combined delivering a 13% increase in sales.

Eva Marie Uzcategui / Bloomberg / Getty Images

The preliminary results are the first under new CEO Antonio Filosa, who replaced Carlos Tavares, who abruptly left last December. The company said it will post its final results for the first half on July 29 as scheduled.

UBS analysts Monday morning said “there is a high chance” Stellantis’ 2025 free cash flow will stay in negative territory, since the second half free cash flow is unlikely to “fully offset the H1 cash burn.”

Stellantis shares were up nearly 2% in early-afternoon trading. The stock entered Monday down almost 30% so far this year.

–Nisha Gopalan

Domino’s Same-Store Sales Top Estimates

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Domino’s Pizza (DPZ) shares moved higher Monday morning after the pizza chain reported better same-store sales growth than expected for the second quarter.

The stock was up 0.5% recently, after rising more than 6% earlier in the session. Domino’s shares entered the day up about 11% since the start of this year.

Domino’s said its same-store sales grew 3.4% year-over-year in the U.S., and 2.4% at its international operations, with both above analysts’ projections compiled by Visible Alpha.

The pizza maker’s second-quarter revenue was in line with estimates at $1.15 billion, up 4% from the same time a year ago, while earnings per share declined 5.5% to $3.81, just shy of the analyst consensus.

“With what we believe are best-in-class unit economics, the largest advertising budget, a robust supply chain, and a rewards program that is bigger than ever, our business is well-positioned,” Domino’s CEO Russell Weiner said in Monday’s press release.

He also said that Domino’s is now “fully rolled out on the two largest aggregators,” as the chain announced a partnership with DoorDash (DASH) earlier this year, adding its stores to the app once an exclusivity agreement with Uber (UBER) Eats expired in May.

Profits had topped estimates while revenue and same-store sales growth both disappointed in Domino’s first-quarter report in April, as its CEO pointed to a “challenging global macroeconomic environment.”

–Aaron McDade

Verizon Rises on Strong Earnings, Boosted Outlook

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Verizon (VZ) shares surged Monday after the telecommunications giant’s quarterly earnings topped analysts’ estimates, and the company lifted the lower end of its full-year outlook.

Verizon reported adjusted earnings per share of $1.22 for the second quarter on revenue that rose 5.2% year-over-year to $34.5 billion, above analysts’ projections compiled by Visible Alpha.

The cell service and internet provider said it now expects adjusted EPS to grow by 1% to 3% in 2025, lifting the bottom end of the range from flat previously.

Verizon said it added 293,000 broadband internet subscribers in the quarter, more than the 224,100 analysts had anticipated. Meanwhile, Verizon lost about 51,000 wireless retail postpaid phone subscribers, fewer than it lost in the year-ago quarter. It added 50,000 wireless retail core prepaid customers compared to a decline a year ago.

Verizon opens a busy week for earnings in the industry, with rivals AT&T (T) and T-Mobile (TMUS) each scheduled to post their second-quarter results on Wednesday.

With its gain this morning, Verizon stock is outpacing the performance of the Dow Jones Industrial Average since the start of 2025.

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Shares of Verizon were up more than 4% in recent trading, leading gainers in the Dow Jones Industrial Average.

–Aaron McDade

Intel Levels to Watch Ahead of Earnings This Week

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Intel (INTC) Intel shares will be in the spotlight this week as the embattled chipmaker gets set to release its second-quarter results on Thursday.

Investors will be looking for updates about the company’s foundry business after reports surfaced earlier this month that recently installed CEO Lip-Bu Tan is considering a shift in the company’s contract chipmaking business. The possible changes could lead Intel to write off hundreds of millions or even billions of dollars’ worth of chipmaking technology as a loss, according to reports.

Coming into Monday, Intel shares had gained 20% since last month’s low and were up 15% since the start of the year, boosted by hopes that the chipmaker can navigate a successful turnaround under Tan’s leadership after months of deal speculation and strategic restructuring.

Source: TradingView.com.

After attracting buying interest around the floor of a multi-month trading range, Intel shares have trended higher within an ascending channel. More recently, the stock has retraced toward the pattern’s lower trendline on declining trading volume, indicating apprehension ahead of the highly anticipated earnings report.

However, in a win for the bulls, the relative strength index remains above neutral territory, signaling positive price momentum.

Investors should watch crucial support levels on Intel’s chart around $22 and $19, while also monitoring resistance levels near $26 and $30.

The stock was up nearly 2% at $23.50 in early trading Monday.

Read the full technical analysis piece here.

–Timothy Smith

Stock Index Futures Slightly Higher

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Futures tied to the three major U.S. stock indexes were each up 0.2% in recent trading.

Dow Jones Industrial Average futures

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S&P 500 futures

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